Amid the bearish cloud hovering above the crypto market, few coins are still turning green, contributing to their bullish motives. Let’s study the technical chart of these coins and see what trading opportunities they could provide.
Since the beginning of the year 2022, the THETA coin has been under the strong bearish influence. The coin price rejected from the $5.8 mark completely wiped out all the gain bulls rather during the last month’s recovery and dropped to the bottom of $3.7.
However, this 30% discount in THETA price has attracted more buyers in this coin, as the technical chart shows reversal signs from the $3.7 support.
Previously when we covered an article on Terra coin, the LUNA/USD pair bounced from the $0.382 Fibonacci retracement level and initiated a new recovery rally. The price continued to rise higher and has recently reclaimed a higher resistance level of $78.3.
For the last three months, the $1.8 mark has been a crucial support level for STX price. The technical chart showed several retests of this bottom level all getting bounced back by significant gains.
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